LeBron James has made no secret of the fact that he would like to become an NBA team owner in the future. The Los Angeles Lakers star seemed particularly interested in a project involving the creation of a new team in Las Vegas, which would happen in the event of the league’s expansion announced by Adam Silver. However, it seems that the US representative may soon become a co-owner of another organization. There is no denying that this is a rather surprising direction.
We all probably still remember this year NBA FinalsWhen Boston Celtics finally they reached for the coveted title number 18 in the history of the organization, defeating Dallas Mavericks. Shortly afterwards, however, the media received unexpected information. The owner of the organization Wyck Grousbeck made it public that he intends to sell the team. The amount is said to be potentially as high as $6 billion.
For LeBron James position on the board of a sports club is not really a first. He has had shares in the club since 2011. Liverpoolwhich is owned by Fenway Sports Groupand in 2021, through the said company, he also acquired 1% of shares in teams such as Boston Red Socks Whether Pittsburgh Penguins. According to reports New York PostFSG and also closely associated with the four-time champion NBA business RedBird Capital are considering making an offer to purchase Celtics.
LeBron James could potentially become an owner of the Celtics in the future, per @nypost
“Boston Red Sox Owner Fenway Sports Group and RedBird Capital that partner closely with LeBron James are seriously considering bidding for the Celtics, sources close to the situation said.… pic.twitter.com/9HowIjcYgV
— NBACentral (@TheDunkCentral) August 9, 2024
Of course, the 39-year-old could not become a co-owner of the team from Massachusetts while still being an active player. The sale, if it does happen, is to take place in two stages, and the last 49% of the shares will not change hands before 2028. At that time LBJ would be 43 years old and even a long-lived player like him should already be retired from sports.
Although currently the above mentioned companies are still to be involved in building a new franchise in Las Vegasbut the consortium “would probably resign” from this plan if they actually decide to buy Celtics. If the deal were to go through, it would be quite ironic for the Boston community. LeBron During his storied career, he has fought many bitter battles with their beloved team, causing them and their fans many problems over the years. In this situation, it is highly doubtful that Massachusetts basketball fans will react positively to him as the new co-owner.
However, it is not certain that James will have such an opportunity at all. The consortium he is associated with is not the only candidate to buy the team out of the hands of Wyca Grousbecka. Another potential buyer of the organization is its current minority owner. Stephen Pagliucaalso having shares in the football club Atalanta Bergamo. Interestingly, in 2017, a businessman with Italian roots had the opportunity to buy Brooklyn Netsbut he decided to lead his career differently
Long-time Celtics minority owner Stephen Pagliuca was nearly the controlling owner of the Nets when they were up for sale in 2017, but Joe Tsai opted to take over the Nets rather than share ownership with Pagliuca. (via: @NYPost_Lewis )
“In a complicated bid structure, Pagliuca… pic.twitter.com/1EoMNDYHvM
— The Brooklyn Way (@Jersey2Brooklyn) June 12, 2024
You can bet dollars to peanuts that everyone associated with the team would rather see it in the hands of a man who already knows the organization almost inside out, rather than someone from the outside, better known as one of the biggest rivals. We’ll probably have to wait a bit longer for a final decision in this matter.
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